UVM to announce largest gift in history

University of Vermont President Thomas Sullivan announced what was at the time the largest single donation in the institution's history on Friday, April 15, 2016(Photo11: Zach Despart/Free Press)Buy Photo

The University of Vermont is gearing up to break another fundraising record.

A gift that is a "multiple" of the previous largest gift in university history, $20 million, will be announced Friday, said Mark Ray, a spokesperson for the UVM Foundation.

"In April there was a $20-million-dollar gift announced then which was the largest in the university's 225-year history. This, and I can't tell you how much, is a multiple of that. With that comes some other structural changes, shall we say," Ray said in a voicemail Thursday morning.

In April, Steven Grossman gave $20 million to the UVM business school, which was subsequently renamed the Grossman School of Business. Grossman graduated from UVM in 1961.

The gift announcement will be at UVM's medical school. Fredrick Morin, dean of the medical school will speak alongside UVM president Tom Sullivan, Gov. Peter Shumlin and David Daigle, chair of UVM's board of trustees according to a news release announcing the gift.

This article was first posted online Sept. 22, 2016. Contact Cory Dawson at the office at 802-651-4826, on his cell at 802-338-0316 or via email at cdawson2@freepressmedia.com. Follow him on Twitter at @Dawson_and_Co.

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